Using the following terms, complete the production cost report shown below. Ending work in process Total costs to account for Cost per equivalent unit Units started into production Manufacturing Overhead Beginning work in process Total units accounted for Raw Materials Inventory Transferred in costs Incurred during the period Completed and transferred out Total costs accounted for Transferred out costs Equivalent units Total units to account for Materials are added at the beginning of a production process, and ending work in process inventory is 30% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted-average method. Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct materials Direct labor Applied overhead Total costs to account for $ 10.000 19,000 50.000 75,000 37.248 $191.248 Units to Account For Beginning work in process Units started into production Transferred out 5,000 20,000 19.000 PLEASE NOTE: For percent, use whole numbers and "* Le. 25). For units, use commas as needed e. 1.234) Costs per unit are rounded to two decimal places and shown with "S" and commas as needed (le. $1.234.56). All other dollar amounts are rounded to whole dollars and shown with "S" and commas as needed e. $12.345). Units to Account For: Units Completion Percent Units Accounted For Material Units Conversion Units Total Units Costs to Account For Materials Conversion Total Costs Accounted For Materials Conversion Total

Conversion Cost = Direct labor + Applied overhead

Answered: Using the following terms, complete the production cost report shown below. Ending work in process Total costs to account for Cost per equivalent unit Units…

FINANCIAL ACCOUNTING

10th Edition

ISBN: 9781259964947

Author: Libby

Publisher: MCG

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Question

Please follow the exact terms and format requested in the image.

Using the following terms, complete the production cost report shown below:

Ending work in process	Total costs to account for	Cost per equivalent unit
Units started into production	Manufacturing Overhead	Beginning work in process
Total units accounted for	Raw Materials Inventory	Transferred in costs
Incurred during the period	Completed and transferred out	Total costs accounted for
Transferred out costs	Equivalent units	Total units to account for

Materials are added at the beginning of a production process, and ending work in process inventory is 30% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted-average method.

PLEASE NOTE: For percent, use whole numbers and "%" (i.e. 25%). For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).